01

LV womenswear creative director empties most of his personal social media

Fashion Without Borders has learned that Nicolas Ghesquière, the creative director of Louis Vuitton womenswear, has suddenly emptied his Instagram account of most of his movements, leaving only the videos of the Louis Vuitton Spring/Summer 2022 show and the Resort collection show. It’s worth noting that after the successful Spring/Summer 2022 women’s show in Paris this October, Louis Vuitton presented the collection again last week at the Shanghai shipyard, where Nicolas Ghesquière also designed 19 new looks and two exclusive handbags for the show. So far, neither Louis Vuitton nor Nicolas Ghesquière have responded to the news.

02

Blackstone completes majority stake in lingerie brand Spanx

Fashion Without Borders has learned that U.S. private equity giant Blackstone Group has announced that it has completed its majority investment in women’s lingerie brand SPANX, valued at $1.2 billion. Notably, American talk show host Oprah Winfrey and Oscar winner and renowned actress Reese Witherspoon are among the new investors. BlackRock and SPANX have jointly stated that they will create an all-female board of directors in the future, and that the BlackRock investment team involved in the transaction will also be comprised of women.

03

Another LV Store Robbed in the U.S.

At least 14 robbers broke into a Louis Vuitton store in Oak Brook, Illinois, last week and stole merchandise totaling at least $100,000, according to Fox.com. According to surveillance video, the masked bandits swarmed the boutique, grabbing handbags and other merchandise while shoppers fled in a chaotic scene. It is worth noting that several LV stores have been robbed in recent months in the U.S. In October, eight people robbed a LV store in Northbrook Mall in suburban Chicago, and on the night of Nov. 19, a LV store in Union Square in San Francisco was also robbed by robbers.

04

Teraku 120 million yuan of equity was frozen by justice

According to the Tianwei search App, Beijing Teraku Trading Co., Ltd. recently added equity freeze information, equity was executed by Shanghai Teraku E-commerce Co. It is worth noting that since November this year, Beijing Teraku Trade Co., Ltd. has three equity freeze information, the cumulative amount of frozen equity amounted to 160 million yuan. As previously reported by Fashion Without Borders, in November this year, many consumers reflected on social media platforms that the goods purchased on the Teraku platform were not shipped, and there was no response to refund applications. In addition, there are also complaints from current and former employees of Teraku about salary arrears, and many suppliers have reported that they have not received payment for their goods from Teraku.

05

Mulberry Launches Lowest Carbon Emission Handbag Collection

Fashion Without Borders has learned that as consumer groups increasingly value the sustainability of luxury companies, British luxury brand Mulberry has partnered with Muirhead, a member of the Scottish Leather Group, to launch a handbag collection made from the world’s lowest carbon emitting leather. It is said that all rawhide in the collection is sourced from the UK and Ireland, tanned, treated and processed by Muirhead’s leather production workshops and finally manufactured in Mulberry’s carbon-neutral Somerset factory. mulberry said that Muirhead was crucial in the process as it produces the world’s least carbon-intensive leather, with each leather only produces 1.1 kg of CO2.